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How do I accept my Federal Parent PLUS loan? How does my parent accept the Federal Parent PLUS loan? I have a Parent PLUS loan award -- how do I accept it?


Last Updated:  3/5/13 11:07:58 PM 8372-8193-411

The student cannot accept the Parent Plus Loan. The Parent must log onto MY ASU with their ASURITE information and accept the loan under their profile.

Complete Parent PLUS loan steps:

Step 1. Student: Go to www.asu.edu/go/parentrelationship and complete the steps to add a parent relationship to your profile.

  1. Select the Add A New Parent Link
  2. Complete the information. The email address added should be the email where your parents receive email
  3. Click Search
  4. Verify the information and select “Add This Parent”
  5. Select “Add Service”. This will send an email to the your parents email (the email you indicated) with instructions on activating their ASURite log in

This will allow your parent to apply for the Federal Direct PLUS loan on your behalf.

Step 2. Parent: After the student completes step one above, you will receive your own ASURITE ID activation code within the next 48 hours at the e-mail address provided in step one. If you do not receive an e-mail, please contact the ASU Helpdesk at (855) ASU-5080. Please do not try to add yourself a second time as this will create additional delays.

Step 3. Parent: When you receive the e-mail, you must activate your ASURITE ID at the link provided in the email.  Note:  You must log out of your student's account before going any further.

Step 4.  Parent: Go to www.asu.edu/go/parentloan, and using your (the parent's) ASURITE ID, accept your Federal Direct Parent PLUS Loan award. Acceptance of the loan will initiate a credit check through the U.S. Dept. of Education. Results of the credit check will be mailed to you directly from the loan servicing department.

Step 5. Parent Go to www.studentloans.gov to fill out your Master Promissory Note (MPN).

 

The parent who applies for and obtains the Parent PLUS Loan, is the only parent who should complete the Parent PLUS Loan MPN.

Note:  If you previously borrowed a Federal Direct Parent PLUS Loan at ASU, you do not need to complete another MPN unless a financial endorser was required at the time of application. If an endorser was required you must complete another MPN.



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